Archstone Synthetic CDO II SPC is a $75 million, ¥6.5 billion, and €7.5 million synthetic CDO referencing a portfolio of Credit Default swaps to High Yield and Investment Grade Obligors which closed March 2007. The portfolio is managed by Rabobank.
Rabobank acts as co-lead dealer and Collateral Manager
Recoveries are fixed at 70%
Average portfolio rating of BB for the Long Portfolio at closing.
Long/Short portfolio strategy with initial composition of 80 long /9 short.
This summary is neither an offer to sell nor a solicitation of an offer to buy any securities issued by any fund account or other investment vehicle sponsored by Rabobank International that is currently, or may in the future be, offered (each, an “Investment Vehicle”). Such securities are not registered under the Securities Act or any applicable state securities law and may not be offered or sold in the United States absent registration except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the investment objectives of any Investment Vehicle will be achieved, or that the historical performance of any Investment Vehicle listed herein is indicative of the investment performance that such Investment Vehicle will achieve in the future.
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